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Kirby McInerney LLP Reminds Lineage, Inc. Investors of Class Action Filing and Encourages Investors to Contact the Firm
NEW YORK, Aug. 25, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces tha...
About this update from Linear Minerals Corp.
[{"type":"text","content":"Kirby McInerney LLP Reminds Lineage, Inc. Investors of Class Action Filing and Encourages Investors to Contact the Firm\n\n\n\n NEW YORK, Aug. 25, 2025 (GLOBE NEWSWIRE) -- The law firm of\n \n Kirby McInerney LLP\n \n announces that a class action lawsuit has been filed on behalf of investors who acquired Lineage, Inc. (“Lineage” or the “Company”) (NASDAQ: LINE) securities during the period of July 22, 2024 through August 1, 2025, inclusive (“the Class Period”).\n \n\n If you suffered a loss on your Lineage investments, you have until September 30, 2025 to request lead plaintiff appointment. Follow the link below for more information:\n \n\n\n [\n \n CONTACT THE FIRM IF YOU SUFFERED A LOSS\n \n ]\n \n\n\n\n What Happened?\n \n\n\n On April 30, 2025, Lineage reported first quarter 2025 financial results, including that “[t]otal revenue decreased (2.7)%” to $1.29 billion for the quarter. The Company stated it “experienced more normal seasonal trends in the first quarter after multiple years of elevated inventory levels.” On this news, the price of Lineage shares declined by $8.26 per share, or approximately 14.62%, from $56.49 per share on April 29, 2025 to close at $48.23 on April 30, 2025.\n \n\n\n What Is The Lawsuit About?\n \n\n\n The lawsuit alleges that Lineage’s July 2024 IPO registration statement was false and/or misleading and/or failed to disclose that: (i) Lineage was then experiencing sustained weakening in customer demand, as additional cold-storage supply had come on line, Lineage’s customers destocked a glut of excessive inventory built up during the COVID-19 pandemic, and Lineage’s customers shifted to maintaining leaner cold-storage inventories on a go-forward basis in response to changed consumer trends; (ii) Lineage had implemented price increases in the lead-up to the IPO that could not be sustained in light of the weakening demand environment facing Lineage; (iii) Lineage was unable to effectively counteract the adverse trends listed above through the use of minimum storage guarantees or as a result of operational efficiencies, technological improvements, or its purported competitive advantages; and (iv) as a result, rather than enjoying stable revenue growth, high occupancy rates, and steady rent escalation as represe...